'Employers stealing from Nigerians' - PenCom seeks EFCC support in tackling pension fraud

The National Pension Commission, PenCom, has sought the collaboration of the Economic and Financial Crimes Commission, EFCC, to woody with fraudulent activities successful the nation’s pension industry, particularly the challenges of unremitted pension funds by immoderate employers,

It said employers were stealing from Nigerians.

Director General of PenCom, Omolola Oloworaran made the request successful Abuja connected Thursday, October 5, 2026 erstwhile she led a delegation from her bureau to the office of the EFCC.

The DG raised concerns implicit the disturbing inclination wherever galore employers neglect to remit the mandatory pension contributions of their employees to their status savings accounts arsenic required by Pension Reform Act 2004.

She said astir disturbing is the information that galore employers bash not lone neglect to remit the expected 10 percent arsenic employers, they besides deduct the required 8 percent publication of the employees and yet, neglect to remit to their status savings account.

Commending the EFCC for its stride successful warring corruption, Oloworaran expressed assurance successful the quality of the Commission to assistance woody with the concern and bring the recalcitrant employers to justice.

“Employees are stealing from Nigerians. And we request a mode to retrieve this monies from them.

"We are looking for a much effectual mode to negociate this situation.

"We judge you tin assistance us. We deliberation that the EFCC is amended placed to negociate this issue,” she said,

Also, Ahmed Lawan, acting direc...